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How Obamacare affects everyone

Sudhir Mathuria  Licensed  Professional Health Life 360 6776 Southwest Freeway Suite # 178 Houston TX 77074 713-771-2900 www.MyMedicarePlanning.com

Sudhir Mathuria
Licensed Professional
Health Life 360
6776 Southwest Freeway
Suite # 178
Houston TX 77074
713-771-2900
www.MyMedicarePlanning.com

Obamacare touches just about everyone.
It’s not just for the millions of people who have health insurance through the Obamacare exchanges or Medicaid expansion.
Under Obamacare, senior citizens pay less for Medicare coverage and for their prescription drugs. Many people receive free contraceptives, mammograms, colonoscopies and cholesterol tests. And those with pre-existing conditions are no longer turned away.
“The ACA made changes in every part of the health care system,” said Larry Levitt, senior vice president at the Kaiser Family Foundation, of the Affordable Care Act. “Virtually everyone has been touched by the ACA.”
Some 20 million people have gained coverage under Obamacare. The nation’s uninsured rate dropped to a record low 8.6% last year.
Obamacare remains the law of the land now that the Republican effort to repeal and replace it has been shelved. The Trump administration likely will make some changes to it, and lawmakers may try again to overhaul it.
Here’s how sweeping the landmark health care reform law is.
Medicare
Obamacare has meant lower premiums, deductibles and cost-sharing for the 57 million senior citizens and disabled Americans enrolled in the program. It has also reduced how much they have to pay for prescription drugs by slowly eliminating the infamous “donut hole.”
The health reform law made many changes to Medicare. It slowed the growth of payment rates to hospitals and other providers, reduced payments to Medicare Advantage plans and improved benefits for enrollees.
As a result, Medicare beneficiaries have to shell out less for premiums, deductibles and co-pays because they are tied to the growth of federal spending on the program. The Obama administration estimated that the typical Medicare beneficiary pays about $700 less in premiums and cost sharing.
Medicaid
Low income families could take advantage of Medicaid in states where Medicaid expansion was adopted.
Employer-sponsored insurance
The law allows children to remain on their parents’ plans until they turn 26. This has proved to be one of the more popular Obamacare provisions and has helped lower the uninsured rate of this age group.
Workers also no longer have to pay for contraceptives and preventative screenings, such as colonoscopies and mammograms. Obamacare requires these be provided free-of-charge.
Obamacare also prohibits employers from imposing annual or lifetime limits on benefits and caps out-of-pocket spending to $7,150 for single workers in 2017.
Individual market
Obamacare has had the largest impact on the individual market, which was largely unregulated prior to the health reform law.
It requires insurers to cover people with pre-existing conditions and banned them from charging the sick more. The law ended the practice of insurers imposing annual or lifetime caps on benefits, and it also placed limits on annual out-of-pocket spending.

To choose right Medicare Supplement Plan, OR Medicare Advantage Plan OR Medicaid Plan contact Sudhir Mathuria @ 713-771-2900.


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